Industrial All Risks
Machinery may break down, offices may flood, factories may burn down. What are the impacts, and how difficult will recovery be?
What is Industrial All Risks Insurance?
Essentially a property insurance policy, Industrial All Risks or IAR is an insurance policy that covers any loss or damage to your property. It is considered as a wider and more comprehensive cover than the traditional “fire” insurance.
What does Industrial All Risks Insurance cover?
How important is Industrial All Risks Insurance?
Traditionally, businesses who are less willing to spend on insurance often only take out fire insurance. However, IAR covers and protects businesses’ risks in a more comprehensive manner and is more cost effective than fire insurance. Afterall, your business property allows your business to function and having broader protection from risks and perils is often a sensible decision. Hence, IAR can mitigate the losses far more than fire insurance, leaving more promise for recovery and a bigger peace of mind.
Who needs Industrial All Risks Insurance?

How much does an Industrial All Risks policy cost?
The premium varies from one policy to another as the following factors play a part in determining the premium:
- Type of occupancy
- Coverage and deductibles
- Insured value
- Photos of building structure and any other relevant assets
- Area and its surroundings
- Existing risk management policies
- Extension coverage
- Photos of building structure and any other valued properties